The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-08-27
WEEKLY TRADE Review.
Slightly Improved Condition In the
Nj a Marts Of Commerce.
Some Extensive Failures, However
Have Tendency 10 Create an
Unessy Feeling.

New York, August 26.-R. g. Dun
K Co., in their weekly review Of trade,
say: The tendency of prices during
the past week shas been upward Tor
most products, and the st1te OF bust
ness Is rather better, but there Is still
much hesitation and irregularity. The
money market for speculative uses is
made easier by gold imports and treas
ury purchases OF bonds, but much
mercantile papsr Ia discounted with
difficulty, and come considerable fail
urss cause uueasluess. The failure to
reach settlement OF the II )senfed case
Ut Chicago troubles some creditors |;
the delay in settling the wheat deal at
San Francisco aud the fall Of wheat 8
cents. per GENITAL 10 day makes some
disturbance. The Ives entanglsmeo at,
the failure OF a stock firm for 81 $780,
600, and the receivership for Mitchell,
Vance Il Co., do not increase conf
dence. The volume OF Legitimate bus-
mess is large, but not equally dlstrib.
uted, and In import branches thsre 10
shrinkage.
Wheat has been going abroad large.
ly-8,822, $40 bushels in three weeks,
sgainst 1921, 107 bushels lest year, bat
mainly on purchases of one or two
months ago, and the export demand
has bsen 30 checked by improved
foreign crop reports that even only
lid for freight to Liverpool falls to
produce activity. Prices are about
where they were week ago. The
yield in spring wheat States appears to
be excellent. Rsins came too late to
save considerable part OF the dam
aged corn, bu. have nevertheless
done great good. Cotton Is strer 9Th 3.
ened by eItrsvigant reports Of injury
to the crop. Oil has risen "a cents,
and pork products q shade, slough
the market is dull. Sugar has been
advanced, q foreign corner In beet
sugar being the cause. B,ef is dsarer,
with no change In hogs. Copper has
advanced, with sales OF 100000
pounds in day, on account Of the FIRE
In the Calumet and Hecls mine. The
wool trade is hesi,atiDg. At Chicago
wool Is called "the doedeet thing
above grouDd," and at Boston Ohio
Xxx Is offered by Philadelphia dealers
at 323 cents. A "boom" in June, on
reports Of short yield, caused sales
throughout growing regions at adj
vancing prices, but manufacturers re-
port no profits, and are chsry in their
purchases. Prices are now 2 10 3
cents below The June level. In
the wooden goods trade there
Is no improvement, while cotton
goods are largely distributed a. firm
prices. The leather market Is quiet,
but rather firm, and boot and shoe
manufacturers report better orders,
with lees decrease than was expected
from the drought damaged region.
Imported silks are offered at prices
unprecedeHtedly low. The iron bust.
ness lie In uncertain shape. Competi.
ton Of Southern pig is felt, and
stocks are sccumulating rapidly,
while lsrge imports continue. Manu-.
featured iroa also appears TO sccumu'
late, and Western competition Is fell
by Eastern mills. Another small sale
OF foreign rails is reported, and some
makers are taking $50 for winter de-
livery,
The business failures occurring
throughout the country during the
lat seven days nun Der for the Uuited
States 1853, end for Canada thirty.two